Trump Names Miller Chief of Staff as Tech Rebounds
President Donald Trump said he was tapping longtime aide Stephen Miller as his new chief of staff and that Susie Wiles will move to his political operation, shaking up his White House team days after a devastating midterm result. We get analysis from Jeff Mason, Bloomberg Washington Correspondent & ‘Balance of Power’ co-host Kailey Leinz. Meantime, US stocks pared earlier gains as investors questioned whether the worst of a historic tech selloff is over and dissect the artificial intelligence trade. Bloomberg’s Seth Fiegerman takes a closer look, while AIB Data Centers CFO Jolienne Halisky joins for our CFO Briefing. Plus – Grindr CEO George Arison discusses the company’s latest earnings report. All on the latest edition of Bloomberg Businessweek Daily.
Chapters:
00:00:00 Bloomberg Businessweek Daily
00:04:09 Markets: Semiconductors Plunge
00:05:56 Chipmakers, AI & the Blue Wave
00:08:14 Can Chip Demand Keep Up With the AI Boom?
00:12:08 Markets React to Data Center Backlash
00:15:18 AI Trade, Nvidia & Safe Havens
00:17:44 Data Center Loans & Financing Risks
00:19:03 Markets: Tech Selloff Continues
00:20:53 Microsoft Pulls Back From Risky Data Centers
00:22:39 Data Center Regulation & Political Risk
00:25:26 AI Growth vs. Community Concerns
00:28:08 Neo-Clouds Face New Regulatory Hurdles
00:30:12 Software Stocks & the AI Trade
00:32:10 AI Spending & Overseas Data Centers
00:34:25 Steel, Tariffs & the Midterm Impact
00:38:00 Data Centers, Metals & Industrial Demand
00:40:00 Iran War, Oil & Interest Rates
00:42:35 Markets Come Off Their Lows
00:45:59 Stock Movers: Sandisk, CoreWeave & AI
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